Brooklyn Investment Group Has $1.05 Million Holdings in Palo Alto Networks, Inc. $PANW

Brooklyn Investment Group boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 72.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,156 shares of the network technology company’s stock after buying an additional 2,577 shares during the quarter. Brooklyn Investment Group’s holdings in Palo Alto Networks were worth $1,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group grew its position in Palo Alto Networks by 106.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company’s stock worth $433,000 after purchasing an additional 1,226 shares during the last quarter. GAMMA Investing LLC grew its position in Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after purchasing an additional 1,374 shares during the last quarter. Diligent Investors LLC grew its position in Palo Alto Networks by 100.0% in the 4th quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company’s stock worth $624,000 after purchasing an additional 1,715 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Palo Alto Networks by 8.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company’s stock worth $23,491,000 after purchasing an additional 10,180 shares during the last quarter. Finally, Shorepoint Capital Partners LLC grew its position in Palo Alto Networks by 108.4% in the 4th quarter. Shorepoint Capital Partners LLC now owns 20,898 shares of the network technology company’s stock worth $3,803,000 after purchasing an additional 10,868 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on PANW. Stephens lowered shares of Palo Alto Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. Roth Capital initiated coverage on shares of Palo Alto Networks in a research report on Thursday, May 15th. They set a “neutral” rating and a $210.00 target price on the stock. DA Davidson decreased their target price on shares of Palo Alto Networks from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Northland Securities decreased their target price on shares of Palo Alto Networks from $210.00 to $177.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 21st. Finally, KeyCorp lowered shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $217.79.

Palo Alto Networks Trading Up 2.0%

Shares of NASDAQ PANW opened at $177.09 on Monday. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39. The company has a market cap of $118.08 billion, a PE ratio of 101.19, a P/E/G ratio of 4.35 and a beta of 0.94. The company has a 50-day moving average of $192.00 and a two-hundred day moving average of $186.41.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president directly owned 101,135 shares of the company’s stock, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 669,248 shares of company stock valued at $126,423,337 over the last 90 days. Company insiders own 2.50% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.